Sources: SWFs in China, Singapore might back Prudential's AIA buyout

03/2/2010 | Financial Times (tiered subscription model)

Sources said the sovereign-wealth funds of China and Singapore are in talks to buy billions of dollars in shares to help finance Prudential's purchase of American International Assurance, American International Group's Asian life insurer. The U.K.'s Prudential intends to raise $20 billion through a rights offering, the sources said.

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